Apollo Global Management Inc., a leading US investment and asset management firm, has issued a stark warning regarding potential risks in the American insurance sector. The firm highlighted a growing trend among some US insurance companies to shift operations to the Cayman Islands, a move that could create vulnerabilities reminiscent of the sudden collapse of […]

United Commercial Bank (UCB) has issued a comprehensive clarification to dispel any potential misunderstanding arising from a recently published media report, firmly reiterating that there are no barriers whatsoever in its communication with the country’s market regulator. The bank has emphasised that its engagement with regulatory authorities has always been open, professional and constructive, reflecting […]